E. F. Schumacher(English Economist)

Date of Birth:

August 16, 1911

Date of Death:

September 4, 1977

Nationality:

English

Quote count:

278

Times favorited:

7

Ernst Friedrich "Fritz" Schumacher was an internationally influential economic thinker with a professional background as a statistician and economist in Britain. He served as Chief Economic Advisor to the UK National Coal Board for two decades. His ideas became well-known in much of the English-speaking world during the 1970s. He is best known for his critique of Western economies and his proposals for human-scale, decentralized and appropriate technologies. According to The Times Literary Supplement, his 1973 book Small Is Beautiful is among the 100 most influential books published since World War II. It was soon translated into many languages and brought international fame to Schumacher, after which Schumacher was invited to many international conferences, university guest speaker lectures and consultations. Schumacher's basic development theories have been summed up in the catch-phrases Intermediate Size and Intermediate Technology. Schumacher's other notable work is the 1977 A Guide For The Perplexed, which is a critique of materialist scientism and an exploration of the nature and organization of knowledge. Together with long-time friends and associates like Professor Mansur Hoda, Schumacher founded the Intermediate Technology Development Group in 1966.